Warren Buffett's Berkshire Hathaway (NYSE:BRK) owns 29 million shares of Ally Financial (NYSE:ALLY) stock, which is roughly 9.5% of the company. Even though it's a significant stake in Ally's eyes, it only represents about 0.3% of Berkshire's portfolio. Ally Financial offers a wide range of banking products and services, and it currently rewards its shareholders with an annual dividend of $1.20 per share. Let's find out how much Berkshire will earn in dividends from its stake. To determine the t
Ally Financial's (ALLY) efforts to diversify the revenue base will likely aid profits. Elevated costs due to inorganic growth efforts may hurt the bottom line.
Ally Financial Inc. (NYSE: ALLY) Chief Financial Officer Russ Hutchinson will present at the Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 11, 2024 at approximately 8:45 a.m. ET.